ACCRUED OFFICER AND DIRECTOR COMPENSATION

9 Months Ended

Mar. 31, 2023

Accrued Officer And Director Compensation

ACCRUED OFFICER AND DIRECTOR COMPENSATION

NOTE G – ACCRUED OFFICER AND DIRECTOR COMPENSATION

Accrued officer and director compensation is due to Wayne Anderson, the sole officer and director of the Company, and consists of:

	March 31, 2023		June 30, 2022
Pursuant to January 26, 2018 Board of Directors Service Agreement	$	38,074	$	-
Total	$	38,074	$	-

For the nine months ended March 31, 2023 and year ended June 30, 2022, the balance of accrued officer and director compensation changed as follows:

	Pursuant to Employment Agreements		Pursuant to Board of Directors Services Agreements			Total
Balances at June 30, 2022		-		-			-
Officer’s/director’s compensation for the nine months ended March 31, 2023 (i)		-		60,000			60,000
Cash compensation				(21,926	)		(21,926	)
Balances at March 31, 2023	$	-	$	38,074		$	38,074

(i) On July 1, 2021, the Company executed a new Board of Directors Service Agreement with Jimmy Wayne Anderson. Under the terms of the Agreement, Mr. Anderson shall receive a one-time bonus payment of Fifty Thousand and no/100 dollars ($50,000.00) upon execution of the Agreement, and Twenty Thousand and no/100 dollars ($20,000.00) paid to Mr. Anderson on the last calendar day of each quarter as long as Mr. Anderson continues to fulfill his duties and provide the services set forth above. The compensation of $20,000 per quarter shall commence with the third calendar quarter of 2021 (first fiscal quarter of 2022).

GLOBAL TECHNOLOGIES, LTD

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the nine months ended March 31, 2023 and 2022

(Unaudited)